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Deere and Caterpillar End of the Week Profit Taking

Thirty five minutes into the trading action and here is what is happening. The 400 series of Puts on it are up 367%. The 405 puts are up 920%. They closed the previous day at .51 cents. Volumes of trading are light. Traders are not taught to trade in one day options and for all the hype about Ai trading no inroads have being made in this regard which is something I find strange. What value has Trump added to these two stocks this week? None really. So why such extreme forward looking thinkings? It's 10:28 a.m. so we are still in the first hour of trading. These options expire at 3:30 p.m. so there is still four hours of trading life in them and the Djia is up 239 points. Is it now time to catch a rebound? Maybe. Well maybe only to those traders who caught the selloff and profited this morning. Yet then again one would be fighting thinnly traded Calls and Puts both on the buy side and on the sell side. In other words you would have to buy something a little bit closer to the as

Looking At One Week Price Swings !

This is a good market for price swings. Look at Boeing last week.
Boeing was up $12.63 on the week.Then there is Eli Lilly. It was up $28.44 last week.
The strange part is falling NYSE stocks outnumbered rising ones, 3-to-2. It is stated that the May job growth seemed to rule out a "near-term" rate cut. Look at the stock McDonalds. It was down $2.68 on the week. What a wild chart.
At the start of the year it was running up nicely on the theme they were adding new restaurants in the growing suburbs of every city in North America. Most recently the theme is that people can't afford to eat there. When sentiment changes looking for a rebound is never an exacting science. Look at Ford. It was up two cents last week and it was announced that sales last month were up 7%. If they are up again next month the stock might start to get noticed.
Had you purchased the 12 series Calls on Wednesday that expired that Friday you would have done well. Look at Nio. It was the third most activity traded stock on the NYSE last week. Ford was the fifth most activity traded stock on the same exchange. Nio often makes the top five list. Last week it dropped $.56 cents. That's a big drop on a stock in this price range.
It could come back up this week. Now look at First Solar. Look at it's one day chart last Friday!
Imagine catching Friday's one day Call options? Now look at it's one week chart. The stock was down $4.42 on the week.
On the wilder side,the "Blink" $3.00 series of Calls that expire this Friday closed last Friday at $.17. Playing options on stocks in this price range is a real crap shoot. See my June 4th blog I wrote about Chargepoint).
Here is it's first option trade of the week.
A 1:45p.m. same day update. The Ford 12 series of Calls has doubled.
Eli Lilly is up $9.61.
First Solar is up $14.41.
All during a period of time when the DJIA is only up 8 points so far on this day! *** Look at how the Blink Calls went on to gain over 50% in one day.

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